CAPITAL MANAGEMENT (Tables)

6 Months Ended

Jun. 30, 2025

Disclosure Of Fair Value Measurement [Abstract]

Schedule of classification of each class of financial assets/liabilities

	Level 1			Level 2			Level 3		Total carrying amount			Fair Value
	US$’000			US$’000			US$’000		US$’000			US$’000
June 30, 2025
Loans and receivables at amortised cost
Trade receivables		7,946			-			-		7,946			7,946
Cash and cash equivalents		1,546			-			-		1,546			1,546
		9,492			-			-		9,492			9,492
Liabilities at amortised cost
Senior secured term loan		-			(83,643	)		-		(83,643	)		(83,643	)
Convertible loan note		-			(15,857	)		-		(15,857	)		(15,857	)
Exchangeable note		-			(210	)		-		(210	)		(210	)
Lease liabilities		(12,850	)		-			-		(12,850	)		(12,850	)
Trade and other payables (excluding deferred income)		(26,379	)		-			-		(26,379	)		(26,379	)
Provisions		(2,134	)		-			-		(2,134	)		(2,134	)
		(41,363	)		(99,710	)		-		(141,073	)		(141,073	)
Fair value through profit and loss (FVPL)
Derivative liability – warrants		-			(1,114	)		-		(1,114	)		(1,114	)
Derivative asset – prepayment option		-			67			-		67			67
Equity investments in Novus		-			-			2,763		2,763			2,763
		-			(1,047	)		2,763		1,716			1,716
		(31,871	)		(100,757	)		2,763		(129,865	)		(129,865	)

	Level 1			Level 2			Level 3		Total carrying amount			Fair Value
	US$’000			US$’000			US$’000		US$’000			US$’000
December 31, 2024
Loans and receivables at amortised cost
Trade receivables		13,416			-			-		13,416			13,416
Cash and cash equivalents		5,167			-			-		5,167			5,167
		18,583			-			-		18,583			18,583
Liabilities at amortised cost
Senior secured term loan		-			(72,391	)		-		(72,391	)		(72,391	)
Convertible note		-			(15,401	)		-		(15,401	)		(15,401	)
Exchangeable note		-			(210	)		-		(210	)		(210	)
Lease liabilities		(12,762	)		-			-		(12,762	)		(12,762	)
Trade and other payables (excluding deferred income)		(26,585	)		-			-		(26,585	)		(26,585	)
Provisions		(2,529	)		-			-		(2,529	)		(2,529	)
		(41,876	)		(88,002	)		-		(129,878	)		(129,878	)
Fair value through profit and loss (FVTPL)
Derivative liability – warrants		-			(1,658	)		-		(1,658	)		(1,658	)
Derivative asset – prepayment option		-			166			-		166			166
Equity investments in Novus		-			-			2,455		2,455			2,455
		-			(1,492	)		2,455		963			963
		(23,293	)		(89,494	)		2,455		(110,332	)		(110,332	)